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What are the differences between MT4 and MT5?
Account and Position Management
This article was :
Published in 2024.05.14
Updated in 2024.10.25
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are both FX trading platforms developed by MetaQuotes.
MT4 boasts a wide range of available Expert Advisors (EAs) and is supported by many international FX brokers, making it a popular choice with a large user base.
MT5, as the successor to MT4, offers a greater variety of built-in indicators and timeframes, surpassing MT4 in terms of functionality.
Depending on your trading style and required features, you can choose between the two platforms.
| Item | MT4 | MT5 |
| Speed | △ | ◎ |
| Timeframes | △ | ◎ |
| Indicator (Standard) | △ | ◎ |
| Indicator (Custom) | ◎ | △ |
| Number of EAs | ◎ | △ |
| Number of International Forex Brokers | ◎ | △ |
| Number of users | ◎ | △ |
| Item | MT4 | MT5 |
| Speed | △ | ◎ |
| Timeframes | △ | ◎ |
| Indicator (Standard) | △ | ◎ |
| Indicator (Custom) | ◎ | △ |
| Number of EAs | ◎ | △ |
| Number of International Forex Brokers | ◎ | △ |
| Number of users | ◎ | △ |
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